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PROGRAMME TERMS AND CONDITIONS

5th Edition
1. Programme Objectives
The main objective of the BIND 4.0 Programme is to provide support services to the best
innovative startups in the field of Industry 4.0, accelerating their development and growth
through an intense work programme, bringing them closer to the market, and also to
financing, access to contacts, training, mentoring and a work space in which to develop each
project.

2. Acceptance of the Terms and Conditions

The following terms and conditions are intended to establish the rules for participation in the
BIND 4.0 programme. Participation in the programme call means acceptance of these rules,
without exceptions or conditions, as well as any decision about it that may be emitted by SPRI
and/or the Programme Coordination and Evaluation Committee.

3. Terms and definitions:

For the purposes of this programme, the following definitions apply:
“SPRI”: Trade name of the Sociedad para la Transformación Competitiva - Eraldaketa
Lehiakorrerako Sozietatea, S.A. (Society for Competitive Transformation), a public company
associated with the Department of Economic Development and Competitiveness of the Basque
Government.
Startup: a fledgling organisation in search of a scalable business model through the
development of innovative products and/or services aimed at a target market.
Accelerator programme: a structured programme, limited in time and aimed at boosting the
development and growth of startups by providing various support services.
Mentors: professionals who exercise the function of advising startups on different areas that
affect or may affect their development. Mentors act as guides, giving their knowledge,
personal experience and vision, in order to help develop startups more effectively.
Partner companies: Industry 4.0-related companies involved in the BIND 4.0 initiative. Partner
companies participate in the selection process of startup participants and may offer the finalist
startups the opportunity to work jointly on a real project during the accelerator programme.
Matching: a phase of the selection process which consists of the promotion of private
meetings between the startup finalists and partner companies, in order to reach a joint
agreement aimed at producing a real project during the accelerator programme.
Pitch: a presentation to talk about an idea or a business at a specific time and space.
Demo Day: a private event where the projects which have successfully completed the
accelerator programme will have the opportunity to present their startup to a panel of agents
and investors. SPRI may invite the investors they deem appropriate to this demo day. In
addition, they can invite the members of the Coordination and Evaluation Committee, partner
companies and mentors.

4. Types of candidate startups

The BIND 4.0 programme is mainly targeted at the following startup profiles:

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  Startups with technological services/products applied to Advanced Manufacturing,
Energy, Health or Food sectors which have already completed their technological
development and are in a position of accessing the market.

 Startups from any part of the world those are no more than 8 years old that propose
using new technologies to improve industrial processes and that need to accelerate
their business development.

 Applying startups must be legally incorporated.

 Startups that have not participated in previous editions of the Program.

5. The participating startups will undertake to:

 Provide the dedication required for the development of the project with the partner
company during the business accelerator programme.
 Attend the Programme's activities and comply with the work and deliverables defined
within it, which should result in real progress by the participating startups.
 Participate in the Programme communication and dissemination activities.
The Programme encourages participating startups to spend as much time as possible in the
Basque Country, with the aim of promoting their immersion and development in the Basque
industrial ecosystem. In this sense, at least one member of the startup is required to attend
the following mandatory activities:
 Kick-off session (January 2021).
 Commercial Skills Development Camp (January 2021).
 At least 2 specialized workshops throughout the Programme.
 At least 2 networking sessions throughout the Programme.
 Mentoring sessions via on-line (schedule will be arranged by the startup and mentors
during the programme).
 Special training session for the Demo day (June 2021) (Option to attend this session
on-line).
 Demo Day (July 2021).

Non-attendance of startups to the compulsory activities of the program or repeated

negative assessment by the Coordination Team may lead to their expulsion from the
Program, without any compensation or consequence on the part of SPRI.

6. Relationship between the Programme and the Startups

Each participating team leader must name a contact person with whom SPRI will maintain
official communication. They must be over 18 and able to speak English fluently at all levels
and act as the leader of the startup with sufficient or exclusive dedication to the Programme
during its term.

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This person must meet the legal conditions needed to settle and stay in the Basque Country at
least during the accelerator programme.
In turn, the contact person of each startup will be the person who will sign the programme
contract and will be the person who is solely responsible for the decisions made by the startup
during its participation in the programme.
The repeated negative assessment of the attitude of any participating startup by the
Coordination and Evaluation Committee may lead to their expulsion from the Programme,
they will not be entitled to compensation nor will there be consequences for SPRI.
Among others, negative attitudes may include unwillingness and reluctance to communicate,
repeated absence to training sessions and failure to provide the work defined in the
Accelerator Programme.

7. Confidentiality Policy:
The content of the applications submitted to the BIND 4.0 Programme and all documentation
and information of any kind that is provided shall be confidential and private, and will be
treated as such by the Programme promoters. The participating startups agree, as a general
rule, to the Programme Coordination and Evaluation Committee’s use of the basic project data
during the evaluation and selection processes described in these Terms and Conditions.

8. Personal data protection

In accordance with the provisions of the Regulation (EU) 2016/679 on General Data Protection
(hereinafter, RGPD) and other applicable regulations on the protection of personal data, we
inform you that the data you provide us will be processed under the responsibility of Sociedad
para la Transformación Competitiva -Eraldaketa Lehiakorrerako Sozietatea, SA (SPRI) in order
to provide the requested service and, where appropriate, carry out your billing.
Participating startups authorize the program to share their contact information in order to
boost their immersion in the Basque ecosystem and promote contacts with the companies and
agents of the Basque Country.
The collected and processed data are solely those necessary to identify you in our systems. We
may send you commercial communications which you may effectively object to through the
received communication.
The legal basis on which this processing is based is the contractual relationship or the offer of
services itself and the legitimate interest for marketing.
The data provided will be stored as long as the commercial relationship is maintained or during
the years necessary to comply with legal, commercial and tax obligations.
Anyone has the right to obtain confirmation about whether SPRI processes their personal data
or not. Interested persons have the right to access their personal data, as well as to request
the rectification of inaccurate data or, where appropriate, request its deletion when, among
other reasons, the data is no longer necessary for the purposes for which they were collected.
In certain circumstances, the interested parties may request the limitation of the processing of
their data, in which case they will only be kept for the exercise or defence of claims. Also,
under certain conditions, and for reasons related to their particular situation, the interested
parties may object to the processing of their data.

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You may materially exercise your rights by sending an email to lopd@spri.eus. We inform you
that the control authority where you can go if you need to request the protection of your data
is the Spanish Data Protection Agency.

9. Contents
The candidate startups shall ensure that the work and content voluntarily contributed to the
Programme (including summaries or presentations) do not infringe third party rights and have
all the authorisations necessary to participate in this programme. They must not be offensive
or demeaning, nor incite violence, racism, nor violate fundamental rights or public freedoms
recognised by the current regulations, including laws on the protection of children and young
people, nor constitute or imply any intrusion into personal or family privacy of individuals or a
violation of a third party’s right to honour or secrecy of communications or be contrary to any
current regulations.
In addition, the projects presented must ensure non-sexist use of language and images.
Moreover, each participating startup authorises the promoting entities to use their name and
likeness in publicity material related to the accelerator programme, including on the Internet,
without receiving any payment.

10. Startup registration process

 The deadline for registration applications will be from 12:00 (CEST) on 3 July 2020 until
12:00 (CEST) on 11 September 2020.

 Registration of the startups will be done through an online form available on the
programme website, www.bind40.com

 Registration of candidates must be carried out in English.

 The registration forms must be accompanied by a video presentation of the startup in

English, where the reason for participating in the programme is explained. Moreover,
it is possible to link other attachments that can provide additional information
(presentations, demos, etc.). This information should be consistent with the
assessment criteria for candidate screening listed in the following section.

 Upon receipt of the documentation, an email confirming receipt of the registration

application for the programme will be sent.

 One candidate per startup will be admitted. If more than one entry is found from any
startup, the first entry made will be taken as the valid one.

11. Selection procedure for participating startups

The selection process is divided into three stages:
1. Pre-selection of candidates
2. Selection of finalist startups
3. Matching between partner companies and finalist startups to define and agree on
the development of joint projects

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 STAGE 1 - Pre-selection of candidates
Applications will be evaluated by the Programme Management Team, which will pre-select the
startups that pass to the next stage. Each application will be given a rating from 0 to 70 points
using the following criteria:
Evaluation criteria Maximum points
Value of the Service/product 30
Innovativeness of the service/product 10
Impact of the service/product on the current market 10
Level of competition with similar solutions 10

Startup team/Promoter’s Team 20

Background of academics/professionals in the promoting team 10
Skills and knowledge of the sector/industry 10
Specific criteria 20
Potential for generating direct/indirect employment 10
Overall growth potential over the next 10 years 10

The Programme Management Team will determine which candidates have obtained the
highest scores in the application of the selection criteria and will go on to the next stage.
Applications that are rejected from passing to the next stage, as well as those who do not get a
required minimum total score of 50 points will not be accepted, and will be notified by email
of this decision.

STAGE 2 - Selection of finalist startups

The preselected teams will be evaluated by partner companies, through ‘pitching’ interviews
and group dynamics based on the evaluation criteria defined in this section. If they are local
startups, interviews will be held face to face and, for startups located outside the Basque
Country, they will be held via videoconference.
For confidentiality and/or competition issues, preselected startups may request the exclusion
of any partner company during their presentation. The startups must communicate this
request to the Coordination Team before the pitching sessions.
Each project will be evaluated from 0 to 100 points according to the following criteria:
Criteria Maximum points
Value of the startup 20
Development stage of the startup 10
Acceleration potential 10
Startup team/Promoter’s Team 20
Involvement, commitment and motivation of the promoting team 10
Ability to develop the proposed business plan 10
Value for the Programme partner company 60
Applicability of the solution for the Programme partner company 20
Potential to develop a joint project 20

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 Business Opportunity 20

The Coordination and Evaluation Committee will select the finalist startups with the highest
scores to move on to Stage 3 - Matching between the partner company and finalist startups.

STAGE 3 - Matching between partner companies and finalist startups to define and agree on
the development of joint projects
SPRI will enable contact between the partner companies and startups that have been selected
with the highest scores in Stage 2, without thereby incurring any liability or responsibility in
relation to commercial relations that can be established between them.
Partner companies may give the highest scoring startups an opportunity to develop a real
project together for the duration of the accelerator programme; SPRI will not participate in any
way whatsoever.
To this end, they will be able to work on a series of meetings/contacts between the finalist
startups and partner companies, to define the scope of the project and reach a possible
partnership agreement. SPRI will be able to support the finalist startups in order to favour
face-to-face contacts with partner companies.
The Program can provide financial assistance to non-local startups to facilitate their
participation in a matchmaking event aimed at promoting networking between startups and
corporations. The amount of aid will depend on the origin of the startups, according to the
following conditions:
Place where the company is Maximum grant flights Accommodation grant
located (per person)* (per person)*
Euskadi 0€ 0€
Rest of Spain 75 € 150 €
Europe 150 € 150 €
Rest of the world 800 € 150 €
*Maximum 2 people per startup
The payment of this grant will be subject to the conditions and criteria defined by the
Programme Team. Flight tickets and accommodation receipts must be presented as evidence.
The scope, objectives, duration and economic conditions under which the joint project will be
run will be defined and agreed by both parties, without the participation of SPRI.
While the final amount of the project and the conditions of the possible contract to be signed
between the partner company and the startup will be agreed by the parties depending on the
scope and complexity of their project, the programme establishes an indicative minimum of
€25,000 (excluding VAT).
The content of the contract shall oblige only the undersigned parties, i.e. the partner company
and the startup, as it is a private agreement that establishes rights and obligations between
them.
Therefore, payment of the agreed price will be made by the partner company, and SPRI will be
exonerated of any liability or obligation.

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12.Programme activities
The acceleration programme includes following activities:
Face-to-face activities:
 Kick-off session: Session where participating startups will get to know other
participants, mentor team, activities calendar and other operational aspects of the
programme.
 Commercial Skills Development Workshop: Immersive session focused on the
development of commercial skills and pitch presentations.
 Specialized workshops: sessions with high level trainers.
 Networking activities: aimed to build relationships and new business opportunities.
 Special training session for the Demo day: training session aimed to prepare the
startups for an amazing pitch.
 Demo Day: a private event where the projects which have successfully completed the
accelerator programme will have the opportunity to present their startup to a panel of
agents and investors.

Activities that may be attended online:

 Mentoring sessions
 Skills development activities
.
Operational aspects of the BIND 4.0 Programme
 The accelerator programme will have a duration of approximately 5 months.
 The programme will be mostly in English, requiring at least one of the team members
to have the necessary language skills.
 The Programme provides financial assistance aimed at covering the accommodation
costs of participating startups based outside the Basque Autonomous Region. The
amount of aid will depend on the origin of the startups, according to the following
conditions:

Place where the company is located Maximum grant

Rest of Spain 1.500 €

Europe 2.000 €
Rest of the world 3.000 €

IMPORTANT: The payment of this grant will be subject to the attendance of the no
local startups in mandatory activities and other conditions defined by the Program
Team.
 During the duration of the accelerator programme, teams will have a workspace in one
of the Business Innovation Centres (BICs) of the Basque Country and will be able to
work on other complementary activities in other locations. Space allocation for each
startup will take into account their particular characteristics and needs in order to
facilitate their operations and logistics.

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Main stages and milestones of the programme

STAGE DATE DESCRIPTION

Registration period 12:00 (Spanish mainland time) on 3 Candidate acceptance
July 2020 until 12:00 (Spanish period
mainland time) on 11 September
2020.
Selection procedure for 2020/09/14 – 2020/12/21 Evaluation and selection of
participating startups participating startups
Communication with 2021/01/08 Notification on
participating startups www.bind40.com website.
Kick-off session 2021/01/25 Introduction and reception
day
Accelerator Programme 2021/01/25 – 2021/07/02 Programme tasks
Demo Day 2021/07/02 Exclusive event with
investors, industrial
companies, press and
technological agents.
The dates given are indicative and may be subject to change. Deadlines and final dates will be
posted on the www.bind40.com website

13. Communications
All notifications concerning the development of the accelerator programme, including the list
of projects selected in each of the stages, will be published on the Programme website,
www.bind40.com
The startups will receive all communications issued by SPRI via email to the email account of
the contact person of each initiative identified in the registration process.

14. Claims
SPRI’s decision is of a commercial nature and jurisdictional competence corresponds to the
tribunals and civil courts. The participants, formally renouncing any other jurisdiction that may
apply, expressly submit themselves to the courts of Bilbao for the resolution of any dispute,
disagreement, question or claim that may arise directly or indirectly concerning the
interpretation or implementation of this Programme, the courts being competent to this
effect.